S. 823 - TRUTH IN LENDING ACT AMENDMENT

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP72-00337R000400050018-1
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 1
• Document Creation Date: December 21, 2016
• Document Release Date: July 7, 2006
• Sequence Number: 18
• Publication Date: January 27, 1970
• Content Type: MFR

Approved For Release 2006/07/07: CIA-RDP72-00337R000400050018-1
C
Q 'i TIM M
27 January 1970
MEMORANDUM FOR THE RECORD
SUBJECT: S. 823 - Truth in Lending Act Amendment
1. Discussed with ecurity's 26 January 1970 25X1
analysis of the impact of S. 3 on our security investigation program.
2. Security's position is that DCID 1/14 requires credit information
in determining "suitability" which the bill would prohibit us from obtaining
from credit agency sources in the case of (1) Industrial Contractor employees
(because the individual is not our employee) and (2) covert investigations
(because the fact of Government involvement is available if the person
investigated makes inquiry to the credit agency).
3. Security does not believe that the above problems warrant a
major effort by the Agency to oppose the bill, although it would be helpful
if the bill were amended to authorize U. S. Government agencies to obtain
credit information from credit agencies on Industrial Contractor employees
and individuals who may require access to classified information.
4. Since the Department of Defense appears e the same IT~R
in their large industrial security program, agreed to contact
DOD to find out their position on the bill. Also, as earlier agreed, contact
is being made with the investigative force of the Civil Service Commission.
I uin contacting the FBI learned from liaison that the Bureau was
opposed tot e bill as detailed in a letter that is in Department of Justice
channels. vas not offered a copy of the letter.
5. The position of these other Federal agencies has a bearing on
our course of action and it was agreed that we would await the outcome of
the above pending discussions before recQf7mending a course of action up
the line. 25x1
Distribution:
Orig. - Subj.
1 - Chrono
OLC /LLM: rw (28 Jan 70)
ssis ant Legislative Counsel
coy
Approved For Release 2006/07/07: CIA-RDP72-00337R000400050018-1